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Non-Tech : Tyco International Limited (TYC) -- Ignore unavailable to you. Want to Upgrade?


To: Craig A who wrote (263)10/19/1999 10:39:00 AM
From: Richard James  Read Replies (1) | Respond to of 3770
 
Short Selling Info From Yahoo

<<Yesterday I reported that I spoke to a
by: zritzist1 (37/F/New York)
5978 of 5984
senior VP within TYC. I'm reprinting my post

Just spoke to a Senior VP @ TYC
by: zritzist1 (37/F/New York)
5802 of 5973
The reason I was put through to him was because when I spoke to IR, I demanded that there was someone of a higher being that would answer the questions of the "little people"
After 5 minutes of waiting I was put through. His response to what is going on is that it is strictly short selling, NOT institutional selling, that the accounting practices are as sound as sound can be.
He also said that just today another false story was circulating about the accountants for TYC are quitting.
Also, at 2:50EST he said Goldman Sach's issued a release where their chief analyst Mr. Kelly issued a recommended list rating for TYC with a $125 target.

I got a lot of flac for NOT printing the name of whom I spoke with. However, AFTER the markets closed a press release on the rumor I spoke about was released. Now how
would I have known that during the trading day?

Link to rumor from Bloomberg
quote.bloomberg.com

I just like to say that the VP attributed yesterdays decline to another day of rumors. He did say that earnings
and split are still in effect for Thurs morning with a CC to follow.>>